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EUR/CHF

  • #11,161
  • Sep 19, 2013 7:46am Sep 19, 2013 7:46am
Quoting brinks
{quote} long or short? sorry didnt read properly a short stop meaning your long?
Apologies my post didn't really explain. I took a long position with a close stop of 10 points. It got close to my stop but I am still in the game.

Recently when I've been buying dips I've not had a stop.
  • #11,162
  • Sep 19, 2013 7:49am Sep 19, 2013 7:49am
As SNB, ECB and FED did not change anything to the most lethargic pair, i guess that german elections could make this pair move... up? down? any predictions? Where is the upper and lower line of the triangle at the moment in you studies? I'm selling my long from 1.2333 at 1.2347 to add another one on lower levels... Still got the upward-scenario in mind...
  • #11,163
  • Sep 19, 2013 8:07am Sep 19, 2013 8:07am
Quoting Swissie
As SNB, ECB and FED did not change anything to the most lethargic pair, i guess that german elections could make this pair move... up? down? any predictions? Where is the upper and lower line of the triangle at the moment in you studies? I'm selling my long from 1.2333 at 1.2347 to add another one on lower levels... Still got the upward-scenario in mind...
For me 1.235 is a good level. If we can get over this then the short term downward pointing upper trend lines are around 1.236. If we can get through these then we're on our way back to 1.24. But it's Friday tomorrow so we'll go down.
  • #11,164
  • Sep 19, 2013 8:50am Sep 19, 2013 8:50am
Quoting Swissie
As SNB, ECB and FED did not change anything to the most lethargic pair, i guess that german elections could make this pair move... up? down? any predictions? Where is the upper and lower line of the triangle at the moment in you studies? I'm selling my long from 1.2333 at 1.2347 to add another one on lower levels... Still got the upward-scenario in mind...
Hi lower line 1,2302 this is the 200 DMA too

upper line 1,2394.

If we could not break out in a few days it will ranging for a while.

The 200 DMA will rise at least 21 workdays to approx 1,2330

So if you beleive the long term uptrend this levels are very good to buy
  • #11,165
  • Sep 19, 2013 8:51am Sep 19, 2013 8:51am
Quoting Lover Man
{quote} Apologies my post didn't really explain. I took a long position with a close stop of 10 points. It got close to my stop but I am still in the game. Recently when I've been buying dips I've not had a stop.
Very clever trade!
  • #11,166
  • Sep 19, 2013 9:37am Sep 19, 2013 9:37am
Quoting Simon73
{quote} Very clever trade!
Thanks

I think the 1.233 level is getting attacked hard now. It will probably break. If it doesn't then it is super strong.
  • #11,167
  • Sep 19, 2013 9:57am Sep 19, 2013 9:57am
Just for some information citigroup recommended a while back longs from 1.23 with target 1.26 i think,They are now saying exit the trade with a small profit.
  • #11,168
  • Sep 19, 2013 9:58am Sep 19, 2013 9:58am
Quoting Lover Man
{quote} Thanks I think the 1.233 level is getting attacked hard now. It will probably break. If it doesn't then it is super strong.
I've taken the opposite trade now.

So short from 1.2325 with stop at 1.2340 and tp at 1.2310.
  • #11,169
  • Sep 19, 2013 10:09am Sep 19, 2013 10:09am
I have closed my longs havent got a clue whats going on with this pair it doesnt want to move.
  • #11,170
  • Sep 19, 2013 10:14am Sep 19, 2013 10:14am
Quoting brinks
I have closed my longs havent got a clue whats going on with this pair it doesnt want to move.
Last rally has strated when you closed your longs

I hope it could help again
  • #11,171
  • Sep 19, 2013 10:23am Sep 19, 2013 10:23am
Quoting Simon73
{quote} Last rally has strated when you closed your longs I hope it could help again
Hahaha yes it did it will probably scream up now then

I think i will just wait for the breakout instead.
  • #11,172
  • Sep 19, 2013 10:38am Sep 19, 2013 10:38am
Quoting Lover Man
{quote} I've taken the opposite trade now. So short from 1.2325 with stop at 1.2340 and tp at 1.2310.
I think all this range trading with stops is stupid in this pair. I only trade longs with buy-orders all 20 points down without any stops. I made 698% profit since beginning to trade this pair (coming from the 1.21 level), thereof 424% only in January this year. Then I picked out 257% of this profit to have fun - the rest is for playing this game. So every buck I made furthermore is joy and nice to have. There is no risk anymore. This is really relaxed trading...
  • #11,173
  • Sep 19, 2013 11:54am Sep 19, 2013 11:54am
Quoting Lover Man
{quote} I've taken the opposite trade now. So short from 1.2325 with stop at 1.2340 and tp at 1.2310.
I've closed this Short and am heading home.
  • #11,174
  • Sep 19, 2013 5:34pm Sep 19, 2013 5:34pm
Hi everybody

I would like some feedback on this topic:

About 2 years ago, due to the massive overvaluation of the Swiss franc and the threat it posed to the Swiss economy, The Swiss National Bank (SNB) decided to set a cap or minimum exchange rate for the EUR/CHF at 1.20 per euro (see attached file).

Does anybody know if there is a cap for USD/CHF too?
Attached File(s)
File Type: pdf SNB Cap Press Release.pdf   52 KB | 213 downloads
ATG Forex
  • #11,175
  • Sep 20, 2013 3:36am Sep 20, 2013 3:36am
Quoting Busenfreund
{quote} I think all this range trading with stops is stupid in this pair. I only trade longs with buy-orders all 20 points down without any stops. I made 698% profit since beginning to trade this pair (coming from the 1.21 level), thereof 424% only in January this year. Then I picked out 257% of this profit to have fun - the rest is for playing this game. So every buck I made furthermore is joy and nice to have. There is no risk anymore. This is really relaxed trading...
similar, currently where we are now is my demand zone and picking up longs gradually
  • #11,176
  • Sep 20, 2013 4:00am Sep 20, 2013 4:00am
Quoting atgforex
Hi everybody I would like some feedback on this topic: About 2 years ago, due to the massive overvaluation of the Swiss franc and the threat it posed to the Swiss economy, The Swiss National Bank (SNB) decided to set a cap or minimum exchange rate for the EUR/CHF at 1.20 per euro (see attached file). Does anybody know if there is a cap for USD/CHF too? {image}
No cap on USD/CHF.... Actually, if you have a cap on EURCHF and on USD/CHF... means you have on cap on EURUSD ...

Looking for another real cap: USDHKD
A non official cap: EURDKK (for more info: google is my friend)
  • #11,177
  • Sep 20, 2013 7:05am Sep 20, 2013 7:05am
It seems the only word which could up this pair is: TAPER

http://www.marketwatch.com/story/bul...me_latest_news
  • #11,178
  • Sep 20, 2013 8:06am Sep 20, 2013 8:06am
Long here - 1.2319

Tp - 1.2329
Stop - 1.2309
  • #11,179
  • Sep 20, 2013 10:54am Sep 20, 2013 10:54am
Quoting Lover Man
Long here - 1.2319 Tp - 1.2329 Stop - 1.2309
Price hasn't done much since I opened this. It just got very close to my stop - 1.23097 on my broker's chart.

Anyway what are people thinking about holding positions over the weekend.

Who is closing and who is holding etc?

I'm planning on holding my longer term longs but the higher leverage posted above I might close just in case price gaps down massively again.
  • #11,180
  • Sep 20, 2013 4:21pm Sep 20, 2013 4:21pm
Hi LM, Im holding on weekends (month ends,year ends, and also will hold on year-hundred ends if we keep on like this ) however as someone said here before Im completely fine if this stays between 1,23-1,24 in the next 20 years.
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